Sonata Software Q2 Review - Steady Growth Momentum To Continue: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Sonata Software Ltd.'s international IT services revenue came at $49.4 million, up 11% QoQ U.S. dollar, 26.7% YoY U.S. dollar above our estimate of $48.06 million, up 8% QoQ U.S. dollar. Organic growth was also robust at 5% QoQ U.S. dollar. Encore contributed $2.7 million (two months’ revenue post integration) versus $3 million run-rate per quarter in CY20. Growth was led by strong recovery in retail (non-essential) up 38.9% QoQ U.S. dollar, followed by retail (essential) (up 8.7% QoQ U.S. dollar) and ISV (up 5.9% QoQ U.S. dollar). Travel is recovering slowly (up 4.2 QoQ U.S. dollar). Domestic product services business growth at up 16% up YoY was lower than average ~27% YoY growth for last four quarters..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Sonata Software Q2 Review - Steady Growth Momentum To Continue: Prabhudas Lilladher

Sonata Software Q2 Review - Steady Growth Momentum To Continue: Prabhudas Lilladher

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